Přibyslav says no to uranium mining offer

24-04-2008

The town of Přibyslav in the Czech-Moravian highlands on Wednesday turned down an Australian mining company’s call that it be allowed to launch exploration for reserves of uranium in return for a cash windfall. The company offered 800,000 crowns a year (46,000 US dollars) while exploration work was underway and 1.6 million crowns a year once commercial mining commenced. Uranium prices have soared in recent years due to a resurgence in nuclear power sparked by fears of fossil-fuel driven climate change.